Australian Class Action Settlement Distributions Scheme Design: Deciding Who Gets What
Dublin Core
Title
Australian Class Action Settlement Distributions Scheme Design: Deciding Who Gets What
Description
Class actions are legal proceedings brought on behalf of numerous persons, known as group members. When a class action settles for a monetary payment to compensate the group members, the payment needs to be divided among the group members. The division and distribution takes place pursuant to a court-approved settlement distribution scheme (‘SDS’). Although the SDS is central to the determination of the actual amount that an individual group member receives from a class action settlement, the design and operation of SDSs have attracted little critical attention. This article seeks to start the process of elucidating the operation of SDSs by explaining three main types of class action SDS: (1) global sum with formula; (2) global sum with individualised assessment; and (3) process approach. The article then draws on those SDS models and class action settlement decisions to develop guiding principles or steps for the design of an SDS.
Creator
Gilsenan, Rebecca
Legg, Michael
Source
The University of Queensland Law Journal; Vol. 38 No. 1 (2019): The University of Queensland Law Journal; 15-39
1839-289X
0083-4041
Publisher
The University of Queensland School of Law
Date
2019-11-11
Relation
Format
application/pdf
Language
eng
Type
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
Identifier
Collection
Citation
Rebecca Gilsenan and Michael Legg, Australian Class Action Settlement Distributions Scheme Design: Deciding Who Gets What, The University of Queensland School of Law, 2019, accessed November 22, 2024, https://igi.indrastra.com/items/show/2614